Insight | Americas

How the Trump family took over a crypto firm as it raised hundreds of millions

31 March 2025, 11:43 am

1 min read

FILE PHOTO: U.S. President Donald Trump speaks as Crypto czar David Sacks, U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and Executive Director of the Presidential Council of Advisers for Digital Assets Bo Hines attend the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. REUTERS/Evelyn Hockstein/File Photo

As World Liberty Financial raised more than half a billion dollars, President Donald Trump’s family took control of the crypto venture and grabbed the lion’s share of those funds, aided by governance terms that industry experts say favor insiders.